Small Business Accountancy Advice

Small Business Accountancy Blog From RIFT Accounting in Kent

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Boot Camp With Jane Ollis

Listen up, future magnates and first-time adventurers. RIFT Group's very own NASA-trained super-scientist, Jane Ollis, is about to drop a serious knowledge-bomb on your start-up ambitions. If you're a student, graduate or job seeker with a great idea and the drive to turn it into a business, you're going to want to hear what she has to say.

Merry Christmas 2014

Cash flow and seasonal business

With the holiday season upon us, it’s time to bask in the glow of the firelight and think about the jolly old toymakers, reindeer groomers and industrious elves hitting their busiest time of year. Seasonal trends, like elderly relatives on the sherry, are largely beyond your ability to control. 5% of UK businesses close their doors at some point during the year to save costs, while 6% get stuck relying on credit cards to manage their seasonal fluctuations. 4% use business loans, 17% either take on or let go staff to cope and an enormous 30% of those affected use their invoice or supply chain to ride out seasonal downtimes. All in all, if seasonal trends are influencing your business then you need to have a strategy to deal with them.

What Makes an Entrepreneur?

Despite the impression your TV is trying very hard to give you, there's a great deal more to building a successful business than having an improbably perfect haircut or winning a "reality" show. There are literally millions of small businesses in the UK alone, and very few of them can trace their continuing success back to a celebrity millionaire swooping in to take care of those silly little money worries for them. Building a real business takes a dream, a plan and a lot of hard work.